Former San Diego Mayor Maureen O'Connor acknowledged Thursday in federal court that she took $2.1 million from her late husband's charitable foundation and gambled it away during a nearly decade-long binge when she wagered more than $1 billion.

Guests at one New Jersey casino will be the first in the United States to place bets with the click of their television remote controls, as gambling gets ever closer to going online in the state. Governor Chris Christie narrowly vetoed a bill last week which would have legalized online gaming.

This week, financial news company Forexpros.com shelled out $2.45 million to acquire the Investing.com domain name. That's the biggest URL price tag of the year, but when it comes to the most valuable Internet properties, it's not money that sells: It's sin.

We've heard from poll after poll in recent months predicting who would win the presidential race: Barack Obama or Mitt Romney. But poll respondents don't have anything to lose when they give their opinions. Gamblers betting on the outcome do, and they give overwhelming odds to one candidate.

In the latest move in a months-long battle between Japanese pachinko tycoon Kazuo Okada and American casino owner Steve Wynn, Okada has filed a $140 million lawsuit against Wynn, claiming that the actions of his former friend and business partner damaged his company, Universal Entertainment.

If you thought Vegas was where the big gamblers went to play, you're behind the times. Sin City has been blown past by another exotic destination once infamous for corruption and mob activity. But you probably won't be heading there to play baccarat any time soon.

Theodore J. "Ted" Forstmann died on Sunday from complications related to brain cancer. The private equity pioneer's firm, Forstmann Little & Co., was one of the first to engage in leveraged buyouts -- using borrowed money to buy companies.

if(typeof AOLVP_cfg==='undefined')AOLVP_cfg=[];AOLVP_cfg.push({id:'AOLVP_us_1080534630001','codever':0.1,'autoload':false,'autoplay':false,'playerid':'61371447001','videoid':'1080534630001','stillurl':'http://www.blogcdn.com/www.dailyfinance.com/media/2011/07/belmont.jpg','publisherid':1612833736,'width':284,'height':160,'playbutton':false,'bgcolor':''});You don't need to pony up a lot of cash for a victorious day at the track. Just ride these tips from Dave Litfin of the Daily Racing Form and Andy Serling of the New York Racing Association.